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tax Archive

Anti Injunction Act Bars Motion for Protective Order

TweetShareSharePin0 Shares US v Meyer presents a somewhat unusual context for a court’s application of the Anti Injunction Act. Meyer stems from an injunction action due to allegations that Meyer promoted “an abusive tax scheme that result[ed] in scheme participants claiming unwarranted federal income tax deductions for bogus charitable contributions.” In 2018, the parties settled that

Waiting, Wondering, and Watching | Tax Policy Center

TweetShareSharePin0 Shares President Biden awaits more details on bipartisan infrastructure bill. The White House continues to support either reconciliation or other legislation to advance its priorities. But it seems to cooling to the still-developing bipartisan Senate plan. White House spokesman Jen Psaki said the bipartisan package lacks sufficient detail, including specifics about how to pay

Getting Perspective on DAWSON

TweetShareSharePin0 Shares 0 Flares Filament.io Made with Flare More Info“> 0 Flares × Today guest blogger James Creech brings a series of articles to our attention which illuminate the Tax Court’s case management transition from a different point of view. Whatever your thoughts about DAWSON, considering the

Semiconductor Manufacturing | Semiconductor Tax Credit Proposal

TweetShareSharePin0 Shares A bipartisan group of Senators introduced the Facilitating American-Built Semiconductors (FABS) Act this week to create a permanent 25 percent investment tax credit for investments in semiconductor manufacturing equipment and construction of related facilities—but their proposal would not address underlying bias against investment that exists in the tax code today. Rather than provide

Spain Digital Services Tax | Spain Determined to Cash in on DST

TweetShareSharePin0 Shares Six months after the approval of the digital services tax (DST), the Spanish government has finally published regulatory guidelines to implement it. The first digital services tax draft bill was published by the Spanish Council of Ministers in October 2019; in October 2020 an identical draft was published and adopted. Although the digital services tax

Supreme Court lets health care law stand

TweetShareSharePin0 Shares The U.S. Supreme Court held on Thursday that several states and other plaintiffs that sued, asking the federal courts to declare unconstitutional the so-called individual mandate in the Patient Protection and Affordable Care Act (PPACA), P.L. 111-148, did not have standing to sue because they could not show that they had suffered or

State Sports Betting Tax Legislation & Trends

TweetShareSharePin0 Shares With many state legislative sessions wrapping up for this year, and a new fiscal year about to begin, it’s a good time to examine some of the 2021 legislative trends—and sports betting taxes are among the more prominent. This year, 11 states have made changes to sports betting regulation and taxes, and Ohio
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